12/14/16

It’s time to start making year-end tax plans. There is a lot of opinion and speculation on President-elect Trump’s policies and I think some investors are making decisions without knowing for sure what the actual policies will be. We’re a long ways away from actual law changes.

10/03/16

Bond yields are at historical lows. Some global (including U.S.) equity valuations are subjectively at historically high valuations (subjective meaning there is some varied opinion here). It’s impossible to know what this means in the short-term. It’s also very difficult to exploit in the short-term. The long-term historical evidence though suggests when valuations trade at high levels, future returns may be lower.

06/27/16

I write this on Friday morning following the surprise vote by the British electorate to leave the European Union (EU). Most markets and polling believed the United Kingdom would stay put, and so priced them “remaining” into global market values. This “leave” vote was a surprise and this is why we’ve already seen a huge amount of market volatility in the aftermath of the vote.

About This Blog

It is an understatement to say the world has experienced a radical shift in capital markets. There are more layers of information and opinions on the direction of the world than we've seen in decades. The internet and the media do not always make it easier, but Michael Dubis' contribution through IB blogs will help you sift through the noise and give you some perspective. You can find his company online.